Business Specialties
Hamilton Zanze Buys DC-Area Community
The real estate investment firm has acquired The Reserve at Ballenger Creek Apartments, a 204-unit asset in Frederick, Md. Mission Rock Residential has taken over property management.
On the Front Lines of Military Housing
Tim Toohey, managing director of Corvias Property Management, discusses the challenge of on-base occupancy and how best to meet service members’ housing needs.
Steele Properties Buys Columbus Affordable Community
The firm has expanded its portfolio with the acquisition of a 112-unit property. The asset will receive more than $44,000 per unit in hard cost rehabilitation.
Tampa Bay-Area Community Sells for $13M
Milbrook Properties has sold the 111-unit multifamily property located 3 miles east of downtown Largo, Fla. Franklin Street brokered the transaction and secured the acquisition financing.
Fore Property Opens 5th Portland Community
The five-story building is located in Portland’s historic Mississippi neighborhood, close to major employers including Adidas, Nike, Intel and Oregon Health & Sciences University.
FirstService Chosen to Manage Atlanta Luxury Condos
The company will oversee 52 private residences at 1065 Midtown Condominiums, which sit atop a 40-story hotel building and feature floor-to-ceiling glass with views of Piedmont Park.
LMC Adds 240 Units to Denver Portfolio
The mixed-use property includes 5,200 square feet of ground-floor retail space in the RiNo neighborhood and provides access to Denver’s Central Business District.
Pennsylvania Student Housing Portfolio Changes Hands
Rittenhouse Realty Advisors arranged the sale of the 44 properties for $21.3 million to a purchaser new to the student housing market.
Wood Partners Expands Houston Luxury Multifamily Footprint
Alta River Oaks, the 364-unit property, is located near the company’s Alta West Alabama development, which will have 304 units and also open in 2020.
Madison Marquette, GFH Financial Group Buy 6-Building Senior Housing Portfolio
The joint venture purchased properties located in California, Washington and Michigan totaling 509 units.